We have 448m to the International Monetary Fund is due this Thursday (April 9th).
Then we have public sector wages and pensions, 1.7b in social security payments made by the state (April 14th).
Then we have a 200m loan repayment to the IMF (May 1st).
Now correct me if I am wrong, but if Greece cant pay any of these 3 bills we are talking about the first "western modern" country to be technically in default. If they resort back to the Drachma, it will be one of the most worthless currencies on the planet.
What I cant really figure out is the outcome, both worldwide financially against the Euro, and obviously against Bitcoin. Will we see BTC as safe heaven? Something tells me only a little, because the average Greek is not highly IT literate, but I could be wrong here.
Give me your thoughts people, as this goes down in about 3 days from now!
well I think Iceland had some real real issues like this at the last banking crisis (not sure if i remember correctly) and they put the bankers responsible in jail..so they are doing ok now i think?
may be like regular bankruptcy once you are out from under ..it would be 'easier' to get your finances in order ...could be the same for Greece just saying to the "EU screw this" might be their best option? (again no idea just saying)
http://en.wikipedia.org/wiki/2008%E2%80%9311_Icelandic_financial_crisis